Advertisement
UK markets closed
  • NIKKEI 225

    40,168.07
    -594.66 (-1.46%)
     
  • HANG SENG

    16,541.42
    +148.58 (+0.91%)
     
  • CRUDE OIL

    82.98
    +1.63 (+2.00%)
     
  • GOLD FUTURES

    2,242.80
    +30.10 (+1.36%)
     
  • DOW

    39,803.00
    +42.92 (+0.11%)
     
  • Bitcoin GBP

    56,194.16
    +1,767.96 (+3.25%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • NASDAQ Composite

    16,382.35
    -17.17 (-0.10%)
     
  • UK FTSE All Share

    4,338.05
    +12.12 (+0.28%)
     

Aviva extends share buyback to $1.3 billion

kbuFILE PHOTO: The Aviva logo sits outside the company head office in the city of London

LONDON (Reuters) - Aviva plc said on Thursday it will increase its share buyback programme from 750 million pounds ($994.28 million) to a maximum of 1 billion pounds ($1.33 billion).

"We are increasing our share buyback as part of ourcommitment to return at least 4 billion pounds to ordinary shareholders," group chief executive Amanda Blanc said in a statement.

Aviva has been under pressure from activist investor Cevian to increase its shareholder payouts, saying the insurer should return 5 billion pounds to investors by the end of 2022 after selling a string of its international businesses.

($1 = 0.7543 pounds)

(Reporting by Emma-Victoria Farr; Editing by Rachel Armstrong)